The EURUSD currency pair has been trading in a long-term uptrend since September 2022, with several minor corrections along the way. Currently, the pair is facing a critical support level at the rising trend line on the...
USDCAD has been moving within a range-bound price channel on the weekly chart for quite some time. The currency pair has remained in the uptrend from 1.2006 and is currently consolidating within the trading range between 1.3225...
The USDJPY currency pair has been moving sideways in a trading range between 127.21 and 137.90 for a while. As long as the resistance at 137.90 holds, the pair’s current sideways move could be considered as a...
The Australian dollar has been in a long-term downtrend against the US dollar since reaching a high of 0.8006 in Feb 2021. The price action from the low of 0.6170 is likely a consolidation for the downtrend,...
GBP/USD remains in an uptrend above a rising trend line on the weekly chart. As long as this trend line support holds, the pair is likely to continue its upward movement towards the next target of 1.3100....
EURUSD has been on a steady uptrend since Sep 2022, and it continues to stay above the rising trend line on the weekly chart. A sustained move above this trend line support suggests that the upside momentum...
USDCAD has been moving sideways in a range between the November 2022 low of 1.3225 and the October 2022 high of 1.3976. The sideways move is likely to continue for the next few weeks. The rangebound trading...
USDJPY’s upside movement from the March 24 low of 129.63 has extended to as high as 137.55 and is now facing the resistance level at 137.90. As long as the price remains above the rising trend line...
AUDUSD is currently facing the support level at 0.6563. If the price breaks down below this level, it could signal a resumption of the downtrend from the February 2023 high of 0.7157. The next target for AUDUSD...
GBPUSD has broken above the 1.2447 resistance level and reached a high of 1.2583. This suggests that the uptrend from the September 2022 low of 1.0352 has resumed. If the current momentum continues, a further rally in...
